Landmark Immigration Consultants IPO vs Rikhav Securities IPO

Comparison between Landmark Immigration Consultants IPO and Rikhav Securities IPO.

IPO Details

Landmark Immigration Consultants IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rikhav Securities IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Landmark Immigration Consultants IPO is up to ₹38.27 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of Landmark Immigration Consultants IPO is ₹72.00 per share and of Rikhav Securities IPO is ₹86.00 per share.

 Landmark Immigration Consultants IPORikhav Securities IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹70.00 per share₹82.00 per share
Issue Price (Upper)₹72.00 per share₹86.00 per share
Issue Price (Final)₹72.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1600 shares1600 shares
Fresh Issue Size53,15,200 shares78,03,200 shares
Fresh Issue Size (Amount)up to ₹38.27 Crup to ₹67.11 Cr
OFS Issue Size0 shares20,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹17.20 Cr
Issue Size Total53,15,200 shares98,03,200 shares
Issue Size Total (Amount)up to ₹38.27 Crup to ₹84.31 Cr

IPO Timetable

Landmark Immigration Consultants IPO opens on Jan 16, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of Landmark Immigration Consultants IPO and Rikhav Securities IPO is Jan 20, 2025, and Jan 17, 2025, respectively.

 Landmark Immigration Consultants IPORikhav Securities IPO
Anchor Bid DateJan 15, 2025Jan 14, 2025
Issue OpenJan 16, 2025Jan 15, 2025
Issue CloseJan 20, 2025Jan 17, 2025
Basis Of Allotment (Tentative)Jan 21, 2025Jan 20, 2025
Initiation of Refunds (Tentative)Jan 22, 2025Jan 21, 2025
Credit of Share (Tentative)Jan 22, 2025Jan 21, 2025
Listing date (Tentative)Jan 23, 2025Jan 22, 2025
Anchor Lockin End date 1Feb 18, 2025Feb 19, 2025
Anchor Lockin End date 2Apr 19, 2025Apr 20, 2025

Financials & KPIs

Landmark Immigration Consultants IPO P/E ratio is 9.72, as compared to Rikhav Securities IPO P/E ratio of 6.04.

 Landmark Immigration Consultants IPORikhav Securities IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets52.1644.3236.2536.12
Total Income19.2537.0721.6319.32
Profit After Tax5.4011.124.433.94
NET Worth42.1536.7525.6321.20
Reserves and Surplus27.1421.7425.6221.19
Total Borrowing1.990.742.515.27
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets337.91302.07187.72180.71
Total Income96.16111.3454.5242.98
Profit After Tax50.3742.6519.1017.62
NET Worth188.45138.0894.9675.86
Reserves and Surplus173.47123.1079.9870.87
Total Borrowing25.9848.069.9415.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.9290.55
Promoter Shareholding (Post-Issue)71.3165.63
P/E Ratio9.726.04
Market Cap₹148.39 Cr.₹329.31 Cr.
ROE35.6436.60
ROCE29.48
Debt/Equity0.020.35
EPS₹7.41₹14.23
RoNW30.2530.89

Shares Offered

In the Landmark Immigration Consultants IPO Retail Individual Investors (RII) are offered 20,80,000 shares while in Rikhav Securities IPO retail investors are offered 20,80,000 shares. Qualified Institutional Buyers (QIB) are offered 12,36,800 shares in Landmark Immigration Consultants IPO and 19,55,200 shares in Rikhav Securities IPO.

 Landmark Immigration Consultants IPORikhav Securities IPO
Anchor Investor Reservation8,48,000 shares29,20,000 shares
Market Maker Reservation2,84,800 shares5,24,800 shares
QIB12,36,800 shares19,55,200 shares
NII11,50,400 shares14,80,000 shares
RII20,80,000 shares34,48,000 shares
Employee0 shares0 shares
Others
Total53,15,200 shares98,03,200 shares

Bids Received (Subscription)

Landmark Immigration Consultants IPO subscribed 61.22x in total, whereas Rikhav Securities IPO subscribed 215.56x.

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